TfL Revenues

David Kurten: To ask the Mayor how much TfL estimates it has lost in revenue, due to the Coronavirus crisis.

The Mayor: Since London went into lockdown, Transport for London (TfL) has supported the Government in reducing the spread of coronavirus by reducing ridership on the transport network. Tube journeys reduced by 95 per cent compared to last year and buses by 85 per cent. Based on this, the impact on TfL’s revenue is estimated to be down by 90 per cent. On 24 March, TfL’s road charging schemes; Congestion Charge, ULEZ and Low Emission Zone were temporarily suspended until 18 May. This has further impacted TfL’s finances. Taking all this into account, TfL estimates a total loss of revenue for a full year to be over £4.0 billion.